Fruit and Vegetable Prices and Perceptions in Mercalaspalmas Wholesale Market
This paper studies the behavior of fruit and vegetable prices in a wholesale market. Its aims are: a) to examine price behavior and changes; and b) to identify statistically significant factors in the perception of prices and to quantify the effect of these factors on the market price. For this pur...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Universidad Nacional de Colombia
2015-01-01
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| Series: | Innovar: Revista de Ciencias Administrativas y Sociales |
| Subjects: | |
| Online Access: | http://www.revistas.unal.edu.co/index.php/innovar/article/view/47230 |
| _version_ | 1811343081596780544 |
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| author | Santiago Rodríguez-Feijoó Alejandro Rodríguez-Caro Carlos González-Correa |
| author_facet | Santiago Rodríguez-Feijoó Alejandro Rodríguez-Caro Carlos González-Correa |
| author_sort | Santiago Rodríguez-Feijoó |
| collection | DOAJ |
| description | This paper studies the behavior of fruit and vegetable prices in a wholesale market. Its aims are: a) to examine price behavior and changes; and b) to identify statistically significant factors
in the perception of prices and to quantify the effect of these factors on the market price. For this purpose, daily data were obtained on modal prices at the Mercalaspalmas wholesale market from 2006 until mid-2010. The results obtained show there is a similar degree of flexibility in price increases and decreases, and show the product to be the determinant element in setting prices. There was found to be a strong degree of price permanence, in the sense that changes take place slowly and following a lag. The following significant factors were identified in the perception of prices: the length of time a price has remained unchanged in the market; the period during which a product has been absent from the market; the quantities traded at a given price; and the index of market prices. However, the quantitative effect of this body of factors on the perceived price is very limited. |
| first_indexed | 2024-04-13T19:22:18Z |
| format | Article |
| id | doaj.art-3a613096b86a48c7a9d839945c42bfc9 |
| institution | Directory Open Access Journal |
| issn | 0121-5051 2248-6968 |
| language | English |
| last_indexed | 2024-04-13T19:22:18Z |
| publishDate | 2015-01-01 |
| publisher | Universidad Nacional de Colombia |
| record_format | Article |
| series | Innovar: Revista de Ciencias Administrativas y Sociales |
| spelling | doaj.art-3a613096b86a48c7a9d839945c42bfc92022-12-22T02:33:28ZengUniversidad Nacional de ColombiaInnovar: Revista de Ciencias Administrativas y Sociales0121-50512248-69682015-01-01255514515510.15446/innovar.v25n55.47230Fruit and Vegetable Prices and Perceptions in Mercalaspalmas Wholesale MarketSantiago Rodríguez-Feijoó0Alejandro Rodríguez-Caro1Carlos González-CorreaUniversity of Las Palmas de Gran CanariaUniversity of Las Palmas de Gran CanariaThis paper studies the behavior of fruit and vegetable prices in a wholesale market. Its aims are: a) to examine price behavior and changes; and b) to identify statistically significant factors in the perception of prices and to quantify the effect of these factors on the market price. For this purpose, daily data were obtained on modal prices at the Mercalaspalmas wholesale market from 2006 until mid-2010. The results obtained show there is a similar degree of flexibility in price increases and decreases, and show the product to be the determinant element in setting prices. There was found to be a strong degree of price permanence, in the sense that changes take place slowly and following a lag. The following significant factors were identified in the perception of prices: the length of time a price has remained unchanged in the market; the period during which a product has been absent from the market; the quantities traded at a given price; and the index of market prices. However, the quantitative effect of this body of factors on the perceived price is very limited.http://www.revistas.unal.edu.co/index.php/innovar/article/view/47230Wholesale priceprice perceptions |
| spellingShingle | Santiago Rodríguez-Feijoó Alejandro Rodríguez-Caro Carlos González-Correa Fruit and Vegetable Prices and Perceptions in Mercalaspalmas Wholesale Market Innovar: Revista de Ciencias Administrativas y Sociales Wholesale price price perceptions |
| title | Fruit and Vegetable Prices and Perceptions in Mercalaspalmas Wholesale Market |
| title_full | Fruit and Vegetable Prices and Perceptions in Mercalaspalmas Wholesale Market |
| title_fullStr | Fruit and Vegetable Prices and Perceptions in Mercalaspalmas Wholesale Market |
| title_full_unstemmed | Fruit and Vegetable Prices and Perceptions in Mercalaspalmas Wholesale Market |
| title_short | Fruit and Vegetable Prices and Perceptions in Mercalaspalmas Wholesale Market |
| title_sort | fruit and vegetable prices and perceptions in mercalaspalmas wholesale market |
| topic | Wholesale price price perceptions |
| url | http://www.revistas.unal.edu.co/index.php/innovar/article/view/47230 |
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